The Homer School Board has adopted a proposed budget that increases spending by just over 2% but does not include a tax increase.
The board unanimously adopted the $39.5 million dollar spending plan last night. The current budget is $38.7 million.
The proposed budget includes a $15.9 million dollar tax levy, that’s flat which means taxes will not increase next year.
Homer Schools Superintendent Nancy Ruscio says due a $1.2 million increase in state aide and reductions in staff through retirement the district was able to keep taxes stable this year.
The district faced a $2 million dollar budget gap this year, that gap was closed with state aide and reserves.
Among the factors driving the increase in spending contractual salary increases, and a nearly 25% increase in electricity costs.
In addition to approving the budget voters will be asked to lease another round of new buses and will be asked to use $1.2 million dollars from a workers compensation reserve fund to help pay for a previously approved $21 million dollar capital improvement project. If the funding is approved the district will not need to borrow to fund the updates.
Voters will head to the polls on May 19th to vote on the budget.